TERMINUS 28 LIMITED
⚰️Wound downdissolved
00654475 · ltd · incorporated 1960-03-29
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
65/100
Strong
What this business does
Primary activity: SIC 2222
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 65/100 (strong), bankability 52/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 27.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 27.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: low (53/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
37 officers (5 active, 37 linked, 32 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
30 connected companies via shared directors
90
Filing history
168 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (89 events)Click to expand
- 2011-12-13📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2011-12-13🏁Company dissolved
- 2011-08-30📄gazette-notice-voluntarygazette · GAZ1(A)
- 2011-08-17📄dissolution-application-strike-off-companydissolution · DS01
- 2011-07-13📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-05-12✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2011-05-12✏️change-of-name-noticechange-of-name · CONNOT
- 2010-06-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-02-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2009-10-26📄change-person-secretary-company-with-change-dateofficers · CH03
- 2009-06-17📄accounts-with-made-up-dateaccounts · AA
- 2009-06-11📄legacyannual-return · 363a
- 2009-05-01📄legacyofficers · 288a
- 2009-04-30📄legacyofficers · 288b
- 2009-04-09➕JOHNSTON, Peter Douglas appointeddirector
- 2009-04-09➖TIMMINS, Richard Keith resigneddirector
- 2008-06-02📄legacyannual-return · 363a
- 2008-04-17📄accounts-with-made-up-dateaccounts · AA
- 2008-04-05📍legacyaddress · 287
- 2008-02-01📄legacyofficers · 288a
- 2008-01-07➕TIMMINS, Richard Keith appointeddirector
- 2007-09-03📄legacyofficers · 288b
- 2007-08-10➖JOHNSTON, Peter Douglas resigneddirector
- 2007-08-02📄accounts-with-made-up-dateaccounts · AA
- 2007-06-12📄legacyannual-return · 363a
- 2007-03-14📄resolutionresolution · RESOLUTIONS
- 2006-07-03📄legacyannual-return · 363a
- 2006-02-13📄accounts-with-accounts-type-fullaccounts · AA
- 2006-01-09📄legacyaccounts · 225
- 2006-01-03📄accounts-with-accounts-type-fullaccounts · AA
- 2004-10-28🔒Charge registered #4Lender: J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee
- 2004-06-11➕GOODWIN, Alan appointedsecretary
- 2004-06-11➕GOODWIN, Alan appointeddirector
- 2004-06-11➖BRIDGES, Clive resignedsecretary
- 2004-06-11➖BRIDGES, Clive resigneddirector
- 2003-12-31➖BEALES, Graham resigneddirector
- 2002-09-30➖ROBERTSON, Malcolm Murray resigneddirector
- 2002-08-01➕HEARN, Catherine Ann appointeddirector
- 2002-08-01➕JOHNSTON, Peter Douglas appointeddirector
- 2002-01-28🔒Charge registered #3Lender: J.P.Morgan Europe Limited,as Security Trustee for the Secured Parties
- 2001-10-26🔒Charge registered #2Lender: Chase Manhattan International Limited (As Security Trustee for Itself and Investcorp Fundinglimited)
- 2001-09-17➖BROWN, Frederick James resigneddirector
- 2001-07-30➕HIBBERT, Barry Alan appointeddirector
- 2000-11-27➕ROBERTSON, Malcolm Murray appointeddirector
- 2000-08-31➖HAINSWORTH, Paul resigneddirector
- 2000-08-01➖RUDSTON, Anthony resigneddirector
- 2000-07-14➖FURNESS, Victor George resigneddirector
- 2000-06-19➕BEALES, Graham appointeddirector
- 1999-09-30➖CROSSLAND, Ernest resigneddirector
- 1999-02-01➕BRIDGES, Clive appointedsecretary
Showing most recent 50 of 89 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 66 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2011-12-13
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusdissolved
Typeltd
Incorporated1960-03-29
Jurisdictionengland-wales
Primary SIC2222 — SIC 2222
Registered office
1 Apex Business Centre
Boscombe Road
Dunstable
Bedfordshire
LU5 4SB
Filing status
Accounts
Next due: —
Last made up to: 2009-09-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 32 resigned)
Active
GOODWIN, Alan→
Activedirector · ~60y · appointed 2004-06-11
View their other companies + combined net worth →
HEARN, Catherine Ann→
Activedirector · ~69y · appointed 2002-08-01
View their other companies + combined net worth →
HIBBERT, Barry Alan→
Activedirector · ~66y · appointed 2001-07-30
View their other companies + combined net worth →
JOHNSTON, Peter Douglas→
Activedirector · ~63y · appointed 2009-04-09
View their other companies + combined net worth →
BREWSTER, Philip Thomas→
Resignedsecretary · appointed 1994-10-01 · resigned 1996-05-17
BRIDGES, Clive→
Resignedsecretary · appointed 1999-02-01 · resigned 2004-06-11
HAINSWORTH, Paul→
Resignedsecretary · appointed 1996-05-01 · resigned 1999-02-01
SCOTLAND, Alister Henry→
Resignedsecretary · resigned 1994-09-30
BEALES, Graham→
Resigneddirector · ~75y · appointed 2000-06-19 · resigned 2003-12-31
BRIDGES, Clive→
Resigneddirector · ~81y · appointed 1998-09-18 · resigned 2004-06-11
BROWN, Frederick James→
Resigneddirector · ~78y · appointed 1998-09-18 · resigned 2001-09-17
BURN, David Frederick→
Resigneddirector · ~91y · appointed 1996-04-01 · resigned 1998-07-31
CAWOOD, Colin→
Resigneddirector · ~89y · resigned 1998-07-29
COVENEY, Michael John→
Resigneddirector · ~63y · appointed 1995-01-01 · resigned 1997-06-30
COWGILL, William Charles→
Resigneddirector · ~86y · resigned 1995-07-31
CROSSLAND, Ernest→
Resigneddirector · ~74y · appointed 1998-09-01 · resigned 1999-09-30
FROBISHER, Graham→
Resigneddirector · ~79y · appointed 1995-05-30 · resigned 1996-11-01
FURNESS, Victor George→
Resigneddirector · ~84y · appointed 1998-02-02 · resigned 2000-07-14
GANNAWAY, Michael John→
Resigneddirector · ~80y · resigned 1995-10-05
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
4
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | J.P. Morgan Europe (Formerly Chase Manhattan International ) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee | Restated amendment to the supplemental deed to a composite guarantee and debenture dated 19 june 1998 and dated 4 september 1998 | 1 property | 28/10/2004 | — | |
| outstanding | J.P.Morgan Europe ,as Security Trustee for the Secured Parties J.P.Morgan Europe Limited,as Security Trustee for the Secured Parties | A composite guarantee and debenture between polestar,the polestar corporation PLC,certain subsidiaries of polestar and J.P.morgan europe limited | 6 properties | 28/01/2002 | — | |
| outstanding | Chase Manhattan International (As Security Trustee for Itself and Investcorp Fundinglimited) Chase Manhattan International Limited (As Security Trustee for Itself and Investcorp Fundinglimited) | A composite guarantee and debenture between the chargor, the polestar corporation PLC, certain subsidiaries of the chargor and chase manhattan international limited | 1 property | 26/10/2001 | — | |
| outstanding | Chase Manhattan International (As Security Agent and Trustee for the Secured Parties) Chase Manhattan International Limited(As Security Agent and Trustee for the Secured Parties) | Supplemental deed (supplemental to a composite guarantee & debenture dated 19 june 1998) | 1 property | 04/09/1998 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (168 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2011-12-13
gazette-notice-voluntary
gazette · GAZ1(A)
2011-08-30
dissolution-application-strike-off-company
dissolution · DS01
2011-08-17
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-07-13
certificate-change-of-name-company
change-of-name · CERTNM
2011-05-12
change-of-name-notice
change-of-name · CONNOT
2011-05-12
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-06-11
accounts-with-accounts-type-dormant
accounts · AA
2010-02-06
change-person-secretary-company-with-change-date
officers · CH03
2009-10-26
accounts-with-made-up-date
accounts · AA
2009-06-17
legacy
annual-return · 363a
2009-06-11
legacy
officers · 288a
2009-05-01
legacy
officers · 288b
2009-04-30
legacy
annual-return · 363a
2008-06-02
accounts-with-made-up-date
accounts · AA
2008-04-17